文章基本信息

标题：The Impact of the Crime Rate and Star Schools on House Prices: An Analysis of Spatial Dependence
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作者：Chun-Chang Lee ; Wei-Lun Chang ; Yun-Ling Wu 等
期刊名称：International Journal of Economics and Finance
印刷版ISSN：1916-971X
电子版ISSN：1916-9728
出版年度：2013
卷号：6
期号：1
页码：99
DOI：10.5539/ijef.v6n1p99
语种：English
出版社：Canadian Center of Science and Education
摘要：This paper discusses the relationships among house prices and house characteristics, crime rates, and star schools. The analyzed data were collected from 12 administrative regions in Taipei city. The empirical results show that star schools have a significant positive impact on house prices; violent crime rates have a negative but not significant impact on house prices; and theft-type crime rates have a significant positive impact, contrary to expectations. We infer that the cause for this counter-intuitive finding may be the psychological burden, but may also be related to theft-type crime rates in commercial development areas. The results also reveal that using the spatial error model and the spatial lag model will modify overestimated parameters in the conventional OLS model.